THE FUTURE OF VOTING: LEVERAGING BLOCKCHAIN TECHNOLOGY FOR ENHANCED SECURITY

Abstract

Blockchain technology has revolutionized the cryptocurrency market by serving as a decentralized and immutable ledger for recording chronological transactions involving digital currencies like bitcoin. This distributed database, often referred to as a public ledger, meticulously logs every digital event or transaction conducted among various participants. Crucially, these transactions gain confirmation through consensus among the majority of network participants, making alterations to the recorded data impossible. Consequently, blockchain stands as an indelible repository of all transactions ever executed. The absence of a central authority, such as a traditional bank, enables global currency exchanges based on trust in the integrity of the entire system. This paper explores the pivotal role of blockchain technology in shaping the landscape of digital currencies, examining its potential for disrupting traditional financial systems and promoting trust in decentralized, peer-to-peer transactions.